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Gate Daily (August 25): The Federal Reserve (FED) unexpectedly releases a "dovish" signal; Ethereum gaming network sues Musk; Telegram founder criticizes the French government.
Bitcoin (BTC) continued to pull back over the weekend, temporarily reported around $112,700 on August 25. The Federal Reserve Chairman Powell unexpectedly released signals from "various factions," leading investors to believe that a rate cut in September is a done deal, boosting U.S. stocks, bonds, and gold prices. Ethereum gaming network Xai has sued Musk's xAI for trademark infringement. Telegram founder Pavel Durov criticized the French government's investigation into his misconduct for lacking concrete evidence.
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